Dodge County, Minnesota · 2025

Mortgage lenders in Dodge County, MN: denial rates and top lenders (2025)

120 lenders acted on 715 mortgage applications for properties in Dodge County in 2025. 11.8% were denied (Minnesota: 13.6%). Median rate on closed loans 6.63%; median loan $185,000; median property value $325,000.

715Applications
11.8%Denial ratestate 13.6%
6.63%Median ratestate 6.63%
$185,000Median loan
$325,000Median property value

Largest lenders in Dodge County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 4539 4.4%6.50%
2 Think Mutual Bank C 4536 6.7%6.69%
3 Rocket Mortgage C 3530 11.4%6.99%
4 Mayo Employees Federal Credit Union C 3424 20.6%6.49%
5 Bell Bank A 3027 0.0%6.38%
6 Guaranteed Rate B 2818 3.6%6.53%
7 U.S. Bank D 2714 40.7%6.56%
8 First Alliance Credit Union D 2719 14.8%6.84%
9 Old National Bank B 2622 3.9%6.56%
10 Alerus Financial B 2116 23.8%6.63%
11 Loandepot.Com D 2116 4.8%6.81%
12 ALTRA Federal Credit Union B 1613 6.3%6.88%
13 Compeer Financial, Flca C 154 20.0%7.38%
14 Mortgage Research Center C 137 7.7%6.13%
15 Bremer Bank B 139 15.4%6.63%
16 Manufacturers Bank & Trust A 1312 0.0%
17 Affinity Plus C 128 16.7%6.75%
18 Fairway Independent Mortgage B 1210 0.0%6.69%
19 Coastal Community Bank C 123 0.0%14.99%
20 Frandsen Bank & Trust B 1110 0.0%6.63%
21 Servion B 1010 0.0%6.50%
22 Freedom Mortgage B 98 0.0%6.38%
23 Pennymac Loan Services C 87 0.0%6.13%
24 Merchants Bank A 87 0.0%5.99%
25 Sofi Bank D 85 0.0%8.74%

What Dodge County borrowers applied for

By loan purpose

Home purchase 324 45% · 5.6% denied
Refinance 127 18% · 18.9% denied
Cash-out refinance 109 15% · 15.6% denied
Home improvement 58 8% · 12.1% denied
Other / HELOC 97 14% · 18.6% denied

By loan type

Conventional 577 81% · 11.8% denied
FHA 90 13% · 12.2% denied
VA 43 6% · 11.6% denied
USDA / RHS 5 1% · 0.0% denied

Why applications were denied

Debt-to-income ratio 30 36%
Credit history 26 31%
Collateral 12 14%
Incomplete application 10 12%
Other 3 4%
Insufficient cash 2 2%
Employment history 1 1%

Dodge County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202372549016.0%6.88%$155,000
202471751314.2%6.88%$175,000
202571550811.8%6.63%$185,000

Frequently asked questions

11.8% of applications in Dodge County were denied in 2025, against 13.6% statewide in Minnesota.

United Shore Financial Services, with 45 applications in 2025 and a denial rate of 4.4%.

The median mortgage application in Dodge County in 2025 was for $185,000; the median property value on originated loans was $325,000.